revenue
Average U.S. Hotel Prices Increased By Five Percent in 2014
Americans paid an average of $137 per night for hotel accommodations in the U.S. during 2014 – an increase of 5 percent compared to 2013. The new findings from the […]
How to Hire and Incentivize Reservations Staff to Grow Direct Channel Revenues
Direct channel bookings in recent years have become synonymous with online bookings for many hotels, but a closer look at direct booking data shows that for many hotels only 10-15% […]
How to yield rates to maximise your hotel’s revenue growth – part 2 of 2
Yield management is fast becoming a pivotal pricing strategy for today’s hotelier. Long gone are the days when it was just about room sales. Today, hoteliers need to consider packages, amenities […]
How to yield rates to maximise your hotel’s revenue growth – part 1 of 2
Yield management is fast becoming a pivotal pricing strategy for today’s hotelier. The concept is based on understanding, anticipating and influencing your guests’ behaviour in order to maximise revenue or […]
Forget your competitors, consumer demand is how to set revenue pricing
It’s a familiar scenario – and as a former hotelier, I’ve seen it played out many times before. Across the hospitality sector, we’re trained to watch our competitors and react […]
How to store, track and promote your hotel inventory effectively – part 2 of 2
Increased competition and transparency in today’s booking landscape is making effective management of inventory a high priority for today’s hotelier. In Part 1 we discussed three key aspects of creating […]
Get your Revenue Management in Shape for 2015!
During the first few days of a new year, everyone is busy planning their personal new year’s resolutions. But although most of us spend the beginning of each year focused […]
How to store, track and promote your hotel inventory effectively – part 1 of 2
Your hotel’s inventory is its greatest asset and represents a major part of your investment. That investment is tied up until rooms are sold, making the effective management of inventory […]
Key Dubai hotel hotspot to feel RevPAR pressure
Real estate advisory Colliers International has launched its MENA Hotel Market Forecast, which predicts the performance of 29 submarkets across the region. Spanning 29 submarkets across the Middle East and […]
Are Hotels ready for the Millennial spenders
By 2020 or sooner, millennials might dominate the travel demographic. Hoteliers need to understand the nuances of this group of guests and be prepared with product and services that meet […]